Winfinance: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Winfinance
Largest movements
- Receivables within one year +€321,462
up €321,462 (+61.3%), from €523,985 to €845,447
of which Other amounts receivable: +€320,948
- Cash +€125,819
up €125,819 (+190.4%), from €66,078 to €191,898
mainly Net result for the year (+€328,889) and Stocks and contracts (+€60,443)
- Stocks and contracts -€60,443
no longer reported in 2024 (was €60,443)
- Tangible fixed assets -€44,635
down €44,635 (-6.4%), from €699,334 to €654,699
of which Assets under construction and advance payments: -€46,868
- Deferred charges and accrued income -€19,869
down €19,869 (-41.7%), from €47,646 to €27,776
- Profit (loss) carried forward +€328,889
new in 2024: €328,889
- Debts after one year -€52,025
down €52,025 (-8.5%), from €611,800 to €559,776
- Tax, wage and social debts +€24,113
up €24,113 (+18.4%), from €130,915 to €155,028
of which Taxes: +€14,334
- Current portion of long-term debt +€20,617
up €20,617 (+20.1%), from €102,684 to €123,301
- Gross operating margin +€114,801
up €114,801 (+25.1%), from €457,580 to €572,382
- Staff costs +€47,065
up €47,065 (+1897.1%), from €2,481 to €49,546
- Other operating charges +€11,427
up €11,427 (+919.0%), from €1,244 to €12,671
- Taxes -€7,101
down €7,101 (-5.4%), from €130,678 to €123,576
- Depreciation +€7,008
up €7,008 (+30.6%), from €22,917 to €29,925
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,418,412 | €1,738,117 | +€319,705 | +22.5% |
| Fixed assets | 21/28 | €720,260 | €672,997 | -€47,264 | -6.6% |
| Intangible fixed assets | 21 | €20,927 | €18,298 | -€2,629 | -12.6% |
| Tangible fixed assets | 22/27 | €699,334 | €654,699 | -€44,635 | -6.4% |
| Land and buildings | 22 | €376,723 | €362,914 | -€13,809 | -3.7% |
| Furniture and vehicles | 24 | €1,491 | €11,467 | +€9,976 | +669.1% |
| Other tangible fixed assets | 26 | - | €6,066 | +€6,066 | |
| Assets under construction and advance payments | 27 | €321,120 | €274,252 | -€46,868 | -14.6% |
| Current assets | 29/58 | €698,152 | €1,065,121 | +€366,969 | +52.6% |
| Stocks and contracts in progress | 3 | €60,443 | - | -€60,443 | |
| Stocks | 30/36 | €60,443 | - | -€60,443 | |
| Amounts receivable within one year | 40/41 | €523,985 | €845,447 | +€321,462 | +61.3% |
| Trade receivables | 40 | - | €514 | +€514 | |
| Other amounts receivable | 41 | €523,985 | €844,933 | +€320,948 | +61.3% |
| Cash at bank and in hand | 54/58 | €66,078 | €191,898 | +€125,819 | +190.4% |
| Deferred charges and accrued income | 490/1 | €47,646 | €27,776 | -€19,869 | -41.7% |
| Total equity and liabilities | 10/49 | €1,418,412 | €1,738,117 | +€319,705 | +22.5% |
| Equity | 10/15 | €518,732 | €847,621 | +€328,889 | +63.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €516,232 | €516,232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | - | -€250 | |
| Other | 1319 | €250 | - | -€250 | |
| Distributable reserves | 133 | €515,982 | €516,232 | +€250 | 0.0% |
| Profit (loss) carried forward | 14 | - | €328,889 | +€328,889 | |
| Amounts payable | 17/49 | €899,680 | €890,496 | -€9,184 | -1.0% |
| Amounts payable after more than one year | 17 | €611,800 | €559,776 | -€52,025 | -8.5% |
| Financial debts | 170/4 | €611,800 | €559,776 | -€52,025 | -8.5% |
| Amounts payable within one year | 42/48 | €287,880 | €330,720 | +€42,841 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €102,684 | €123,301 | +€20,617 | +20.1% |
| Trade debts | 44 | €1,916 | €15,733 | +€13,818 | +721.3% |
| Suppliers | 440/4 | €1,916 | €15,733 | +€13,818 | +721.3% |
| Advances received on contracts in progress | 46 | - | €601 | +€601 | |
| Taxes, remuneration and social security | 45 | €130,915 | €155,028 | +€24,113 | +18.4% |
| Taxes | 450/3 | €129,920 | €144,254 | +€14,334 | +11.0% |
| Remuneration and social security | 454/9 | €995 | €10,774 | +€9,779 | +983.2% |
| Other amounts payable | 47/48 | €52,366 | €36,057 | -€16,308 | -31.1% |
| Remuneration, social security and pensions | 62 | €2,481 | €49,546 | +€47,065 | +1897.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,917 | €29,925 | +€7,008 | +30.6% |
| Other operating charges | 640/8 | €1,244 | €12,671 | +€11,427 | +919.0% |
| Gross operating margin | 9900 | €457,580 | €572,382 | +€114,801 | +25.1% |
| Operating profit (loss) | 9901 | €430,939 | €480,241 | +€49,301 | +11.4% |
| Financial income | 75/76B | €220 | €476 | +€255 | +115.7% |
| Recurring financial income | 75 | €220 | €476 | +€255 | +115.7% |
| Financial charges | 65/66B | €23,034 | €28,250 | +€5,217 | +22.6% |
| Recurring financial charges | 65 | €23,034 | €28,250 | +€5,217 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €408,126 | €452,466 | +€44,340 | +10.9% |
| Income taxes | 67/77 | €130,678 | €123,576 | -€7,101 | -5.4% |
| Profit (loss) for the period | 9904 | €277,448 | €328,889 | +€51,441 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €277,448 | €328,889 | +€51,441 | +18.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.